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Fusion Telecommunications Hires Network 1 Financial Securities, Inc. for Investor Relations & Advisory Services

Posted on: Thursday, 12 March 2009, 11:38 CDT

NEW YORK, March 12 /PRNewswire-FirstCall/ -- Fusion (NYSE Alternext US: FSN) today announced the engagement of Network 1 Financial Securities, Inc. to provide investor relations and financial advisory services. Network 1 Financial Securities, Inc. is headquartered in Red Bank, New Jersey and is an independent full-service securities firm and a registered broker dealer.

"We look forward to working with Fusion to raise awareness of their compelling strategy. We have had significant experience in the telecommunications and technology industry and believe we can help the company position itself more effectively in the capital markets and bring new client opportunities," commented Damon Testaverde, Managing Director for Network 1 Financial Securities, Inc.

Fusion is in the process of refining its business strategy in an effort to focus on its most profitable product offerings and to accelerate its achievement of positive adjusted EBITDA. Fusion's comprehensive product portfolio is designed to drive cost savings and efficiencies for its clients, which is timely given the challenging economic environment and the need for companies to cut costs.

The Company's new investor relations strategy will help to communicate the company's progress in a timely and effective manner.

About Fusion:

Fusion is a new breed of communications carrier, dedicated to providing a full range of advanced IP-based voice and data solutions to corporate and carrier customers worldwide. The Company provides hosted IP-PBX applications, SIP trunking, voice termination, private networks, Internet access and a suite of additional enhanced features and services.

For more information, please go to http://www.fusiontel.com.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050705/NYTU073LOGO )

Statements in this Press Release that are not purely historical facts, including statements regarding Fusion's beliefs, expectations, intentions or strategies for the future, may be "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Such risks and uncertainties include, among others, introduction of products in a timely fashion, market acceptance of new products, cost increases, fluctuations in and obsolescence of inventory, price and product competition, availability of labor and materials, development of new third-party products and techniques that render Fusion's products obsolete, delays in obtaining regulatory approvals, potential product recalls and litigation. Risk factors, cautionary statements and other conditions which could cause Fusion's actual results to differ from management's current expectations are contained in Fusion's filings with the Securities and Exchange Commission and available through http://www.sec.gov.

FUSION Philip Turits, Secretary & Treasurer CONTACT: 212-201-2407 pturits@fusiontel.com NETWORK 1 Damon Testaverde, Managing Director FINANCIAL 732-758-9001 SECURITIES ddtestaverde@netw1.com CONTACT:

SOURCE Fusion

Source: PR Newswire

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